Line 40425 - Federal dividend tax credit

Note: Line 40425 was line 425 before tax year 2019.

If you reported dividends on line 12000 of your return, claim on line 40425 of your return the total of the dividend tax credits from taxable Canadian corporations shown on your information slips.

The dividend tax credit amounts are usually shown on the following slips:

If you did not receive an information slip

Calculation the federal dividend tax credit as follows:   

Amount of dividends (eligible) Amount of dividends (other than eligible)
Multiply the taxable amount of eligible dividends you reported on line 12000 of your return by 15.0198%. Mulitply the taxable amount you reported on line 12010 of your return by 9.0301%.

Note

Foreign dividends do not qualify for this credit.

Completing your tax return

Claim on line 40425 of your return the amount of your federal dividend tax credit.

Complete the tax and credit form for your province or territory of residence, as the provincial or territorial credit is calculated separately.

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